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Basis points vs. Percentage points

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n657020x | 15:49 Tue 26th Jun 2007 | Business & Finance
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When should I use basis points and when should I use percentage points in describing movement in rates and percentages?
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Avatar Image jno
a move from 5 per cent to 6 per cent is one percentage point. A basis point is a hundredth of that, so more likely used for changes in money exchange rates.

http://en.wikipedia.org/wiki/Basis_points
03:13 Wed 27th Jun 2007

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